SOX opposition continues
Three congressmen are reintroducing COMPETE bill to exempt small businesses from 404 requirements.
Three US congressmen, Democrat Gregory Meeks and Republicans Tom Feeney and Pete Sessions, are reintroducing their bill – the Competitive and Open Markets that Protect and Enhance the Treatment of Entrepreneurs Act (COMPETE) – which is intended to reduce some of the financial burdens on small- to mid-cap businesses by Sarbanes-Oxley (SOX).
The bill would exempt companies with a market capitalisation of less than $700 million from adhering to the Section 404 assessment requirements. An earlier
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